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Search Results 0 to 49 of about 62 (some duplicates have been removed)
Bloomberg
Dec 6, 2013 4:00am EST
policy finally sorted out which is very positive for the world economy as well. there seems to be the argument -- they are talking that the normal , he ise of unemployment looking at that and going, we can fix that. we cannot better paid jobs, more jobs, we can change the dynamic through innovation and thinking about the problems that we face. how realistic is that? do with the unemployed men story on both sides of the atlantic? >> i am having lunch with larry today. i will carry on afterwards with him. if i could just revert to the ec1 investing enough. investing has been very poor. we are sitting on huge amounts of money. ins of people want to invest u.k. plc. the announcement earlier in the week, opening the doors to create higher-paying jobs. we are creating very poorly paid jobs. we have to create higher-paying jobs here in the u.k. and create real economic growth. the u.s. has a similar problem. wages haven't risen for over 20 years. we have been doing something's wrong. of investmentck in infrastructure and other areas. we have exported to much of our capital expendit
CNN
Dec 7, 2013 6:30am PST
christiane amanpour and candy crowley. all at the same table. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney.
Bloomberg
Dec 6, 2013 6:00am EST
. considerable fiscal constraints. we're going to see environment -- it will allow for the underlying economy to look stronger. >> the bloomberg political analyst is with us -- sequestration in 2014 is different for him last year. >> they realize -- both sides realize they made a huge mistake. interesting point to me, we had a stock market high. we have housing rates out. we have more millionaires and billionaires. you have all of this data and then you have 75% of the country saying we are on the wrong track. >> will that look like going forward when you deal with the restructuring of fannie and freddie? will we see tightening standards and will that hurt the economy even more? >> i think that is one of the challenges. there are lasting scars. we will continue to see regulatory changes and adjustments. one of those is in the mortgage market. >> can i get a mortgage in 2014? doesn't change the radically that i cannot the mortgage? >> we could see some listening, but when we look back, it will look fundamentally different than what we had during the bubble. >> let's look at today's jobs report
Bloomberg
Dec 9, 2013 4:00am EST
google and apple urged the u.s. government to stop it is spying. japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson. >> i'm francine lacqua. let's get straight to the top corporate story. fiat is planning a $9 billion investment in new models. >> it is part of their turnaround strategy to end losses in europe and revise its italian factories. jonathan ferro joins us now with the details. big money, big focus on the romeo. marks like alfa >> it is not just about upscale and luxury, it is about the cars and fiat that are actually selling, the 500, the alfa romeo that has mass is potential at the luxury end of things and the maserati as well. u.s. selling more in the than anywhere else. it is about made in italy and it looks like it is going to be about sold in the united states. has beent in europe doing so badly and they have had to cut jobs within italy itself heard good news because they're actually leveraging the luxury branding that goes with the identity of italy. that is where the
CNBC
Dec 6, 2013 6:00am EST
:30 eastern time. a dow jones survey finds that the economy probably added 180,000 jobs last month. the unemployment rate is seen slipping 7.2%. we'll talk more about market expectations in just a few minutes, but we begin this morning with our top story. nelson mandela spent 27 years in prison, led his country to democracy and became its first black president. he died at home yesterday at the age of 95. chris takes a look at mandela's life and legacy. >> history books will remember nelson mandela as one of the world' most prominent crusaders for black rights, the son of an african tribal chief, nelson mandela gave up a comfortable life and his hereditary lights to be a tribal leader to become a political activist in the fight against apartheid. the system of white rule over the majority black population. >> to feel that it is for us to continue talking nonviolence and peace. >> he was jailed for organizing demonstrations as well as treason and sabotage. he spent 27 years behind bars, but his jailing fueled the fires of freedom. his plight became an international symbol of oppressi
CNBC
Dec 4, 2013 6:00am EST
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
CNBC
Dec 5, 2013 4:00am EST
for the economy in his autumn statement. the chancellor is expected to lower his borrowing costs and offer suggestions that a budget surplus is in sight for the first time since the millennium. >>> still to come, we will in around 20 minutes be at college green outside the houses of parliament for a full autumn preview. joining me will be steve radially, the boss of manufacturing policy group eef. and later in the show, helia will discuss the good and the bad with the british politician lord digby jones. always were a good comment or two, digby. >>> as far as the agenda in the states today, we have initial jobless claims being released at 8:30. the number might be a preview of what might come in tomorrow's jobs report. at 8:30, we get third quarter gdp. a key benchmark on the road map to the u.s. economic recovery. and october factory orders come out this morning. they are at 10:00 a.m. >>> that's the data. what about global asset prices? let's bring you up to speed. ten minutes to the trading day, we are weighted around about 6 to 4 currently advancers outpace decliners on the dow jones s
CNBC
Dec 6, 2013 3:00pm EST
think it will be a little problem for the economy, unless they can prove that the economy has strengthened enough to handle it. i don't think it's there yet. >> we've had one small preview of this move and it was called this summer. we saw the ten-year move back up to 3%. we know it took some momentum out of the housing market. if i'm the fed and looking at what's happening with housing, with autos, is the evidence strong enough that that did enough damage that the same will happen again? >> i think they're worried about that. i think they're absolutely worried about that, which is why they're not -- why they're not going to taper. especially why not they're going to taper into the end of the year. right? there are two many other issues in front of them. as abigail said, the changing of the fed, debt ceiling in front of us. today there's that rumor we'll come to this budget agreement before washington goes on vacation in two weeks. if that happens, that just opens the way further, i think, for a little morally. >> you sound like you're taking some profits here, abigail. are yo
Al Jazeera America
Dec 6, 2013 11:00pm EST
to the economy an-for-a change so many good news. the november's job's report shows the unemployment rate fell to an all time low. the u.s. economy gained moore jomorejobs than expected. and the gains are wide spread in low and high conditions. it's i something that is key to today's economic news. >> i always kind a reason to find i this report shea shairky. the unemployment rate is down and we have created 200,000 jobs every month but a quarter of the jobs were higher payin paying j6 an hour or more. that is what wei we are concernd about. 1:5 is still low paying. that is part 69 problem. >> of the problem. it's not gang busters and teabs noit'snot a raw numbers thing. sgenerally speaking the qawl quy of jobs is higher. >> at first glance it would appear it's a big deal, but is it? world gets ou obsessed with the unemployment rate. >> i couldn't care less. that number measures a group of people in a changing group of larkehearingerlarger people. i do don't care about that number. more than 150,000 joan because that is the number of more people that come into the work force every month than
CNBC
Dec 9, 2013 5:00pm EST
will say that was money well spent when you look at the jobs that we will see and the fact that the economy doesn't suffer any greater than it did. and a practical standpoint, what this means for gm, look for them to issue a dividend rather quickly. and they no longer are under the t.a.r.p. pay restriction. they have long said that has been holding them back from recruiting the type of talent that they want to recruit for executives. the two big changes immediately for general motors now that uncle sam has sold all of its position. >> thanks for that update. we appreciate it. interesting that phil brings up the math in terms of how much money per day the government has lost. that was also quite a chunk of change. they were saying that they saved a million jobs. >> a million jobs? >> more than a million jobs. would it cost the broader economy more than a million jobs? how much is that cost per job to save it if you're going to do those types of calculations? >> i think it was a great thing for them to do. not just gm. we don't know all the ramifications. if they had actually rsh. >> you're t
Al Jazeera America
Dec 6, 2013 1:00pm EST
economy. >>> in the philippines the recovery effort is still plainfully slow almost a month after typhoon haiyan hit. but there is a movement to get the local economy moving again. >> reporter: there's very, very little left on the store like at tacloban, this man knows that too well. he is a fisherman, or rather he was, given that his boat now sits a couple of kilometers inland. >> translator: before i was earning about 300 pesos a day from the catch. but now i don't earn anything because what i catch is what we eat because i don't have boat. >> reporter: his story is replicated thousands of times across tacloban. so the challenge after the emergency aid phase is to get people working and let the local economy take over again. every street in tacloban is an absolute mess and they need cleaning up, which means you have ready made jobs, which is why you have up to 20,000 people lining up to take part. >> even if they are cleaning their house, we give -- we pay them. our point is that if every one of them are cleaning up tacloban, we can revive it, and then they are able to buy things. if y
CNBC
Dec 6, 2013 4:00am EST
of what is expected to be a weaker payroll number in the u.s. economy. >>> germany's central bank raises its 2014 growth target for europe's largest economy as evidence shows demand from within the eurozone is finally picking up. >>> deutsche bank is to close its commodity business mainly in london and new york. display you're watching "worldwide exchange," bringing you business news from around the globe. >> a former south african president nelson mandela passed away last night at the age of 95. world leaders have been sending message messages of mourning for the leader. >> he is now resting. he is now at peace. our nation has lost its greatest son our people have lost a father. >> for now, let us pause and give thanks to the fact that nelson mandela lived, a man who took history in his hands and bent the arc of the moral universe towards justice. >> nelson mandela was not just a hero of our time, but a hero of all time. the first president of a free south africa, a man who suffered so much for freedom and justice, and a man who through his dignity and through his triumph inspired milli
CNBC
Dec 5, 2013 3:00pm EST
in this economy? >> it does. you can see the headline number was stronger than many of us had expected. even as far as mcquarry goes as well. a lot of that was an inventory buildup. that's really great for the third quarter. that puts in some head winds for the fourth quarter. mcquarry believes you could have fourth quarter gdp as low as .8%. much lower than consensus. so, i mean, it's good for third quarter. not so good for fourth quarter. that doesn't bode well going into the end of the year. >> sam stovall, we've now that three days, potentially four days of losses to start off the month. extremely rare at least in recent history. i think this is the first time since june 2011 we've seen such a stretch. is that the kind of information people should trade off, though, or is it just statistical noise? >> i think it's noise right now. really it's only four days. the thought is they're doing this in advance of tomorrow's employment data with the worry being that the fed will likely start their tapering program this month rather than wait until march. our expectation has been that they would d
CNBC
Dec 6, 2013 9:00am EST
remember this is an asymmetric economy and we have keep our eyes on the bottom half. >> it suggests the economy is doing better, even in the face of headwinds and moves us closer to the fed's threshold number. we may get there quicker than we expect. >> thank you for joining us. it's time for "squawk on the street." >> 203,000 jobs added in november. a jobs report headed in the right direction. i'm carl quintanilla with jim cramer. david faber is off. the 10-year yield within about 10 basis points or so of that 3% at least earlier this morning and europe is worth watching as well. looking at the jobs number, as we said, 203,000 non-farm jobs added last month, forecasts calling for about a gain of 180,000. the unemployment rate down 0.3% to 7%, the lowest level in exactly five years. the question is whether or not the fed will scale back its bond purchasing program when the central bank meets later this month. jim, whether it was u-6, the workers, the wages, there's not a lot to quibble with in this one. >> i was most concerned about an even bigger number. this is kind of good. it wa
PBS
Dec 6, 2013 5:30pm PST
in germany the country's central bank has forecast even brighter days ahead for europe's biggest economy despite losing steam in the third quarter the bushes and has raised its projection german economy to grow as much as half a percent this year. in twenty fourteen it sees one point seven percent growth and that could rise to two percent in twenty fifty what is on president pointed to the country's low unemployment rates increased hiring and study. find out all the years went down on the markets returned to our reporter because i was. it stopped an optimistic outlook for the german economy from the united states is well positive data came in which shows that the recovery of the economy there is stronger than anticipated. contrary to the tenancy all week the market did not take this as an opportunity to be concerned about the potential he only on phasing out of the monetary stimulus by the center backs. nope the dax is up again and with it. the hopeful of the year end rally is back again which is the hope that stock prices hero will be rising with the end of the year. i am trying to say
CNBC
Dec 5, 2013 6:00am EST
. they are expected to rise slightly to 318,000. in the meantime, a revision to gdp is seen showing the economy grew if a pate of 3.2%. both of those reports will be out at 8:30 eastern time. at 10:00, look for october factory orders. in europe we'll get an interest rate decision from the bank of england at about 7:00 eastern time and one from the ecb at about 7:45. the european central bank is widely expected to leave interest rates unchanged at its final policy meeting of the year. last month, though, policymakers surprised the markets with a cut in the interest rate to a record low of 0.25%. we'll check in with ross westgate in just a few minutes. >>> the dow and the s&p are now on a four-day losing streak. this morning, futures are around the flat line. down by about 2.5 points for the dow, down by 0.5 for the s&p and the nasdaq is up by 4 points. november same-store sales will be coming in throughout the morning. cosco's comps rose by 2% during the month. that was short of what the street had been expecting. you had lower gasoline prices and weak foreign currencies. both of those ended up hurti
PBS
Dec 6, 2013 6:30pm PST
that the country's economy hide industry and trade body said it strikes across the country some two hundred million dollars. the road or vibration of the blue it to its bali people stop about and talk to some exponents of this button will give kisses aka summer that is a cynical twenty pieces is that the highest in the blood the executive board of the government to which he be the next ball is expected that this is all this the budget deficit reaching out to some discussion about this alarming. add to the commercial hub is like a civics with the outbreak of the epidemic. then the forty seven thousand visitors vaccination. the defendant's refusal of the budget documents to be in the end of the organization program of the country. after that the demented ropes activists of all the time i took that as the benefits of bad vaccinations and again it is a western plot to sterilize muslims. the director had about but found that the porto by respondents said yes please read the perspective of the strip had the energy and focus on in the wall the demise of south african leader nelson mandela on thursday. jac
CNBC
Dec 5, 2013 2:00pm EST
is going from contraction to stall speed. 75% of europe's economy is driven by bank lending and specifically to small and medium size business and the angst aren banks aren't providing money. even the ecb will admit that. >> obviously the german constituency of the indices is very important. you can't compare europe like for like with the u.s. but i think the thing to keep in mind is many european companies are expert oriented. they make the products you see on a shovel at nordstrom's and macy's or on michigan avenue in which where i live. just remember, u.s. economy does well, many of these companies are really fairly independent of their local economy. they're selling products to us, the chinese and the asians. >> do you believe that people panicked and overshot? when the financial market collapse happened and we went to europe and talked about the problems with commerce bank and all these issues, greek debt seeping through like a virus in the banking system, everybody dumped stop stocks. if you look at the volkswagens of the world, a quarter of their sales are maybe in co
Bloomberg
Dec 6, 2013 1:00am EST
of the economy's out there. greece could put this to germany for once. these are what you want to see. >> you are partially english, partially italian. not a good or bad thing. there is a group of death, a group of joy. you can have holland, you can have brazil. it needs ant, it extra country. this is actually fascinating. for a lot of football fans, this is a big deal. >> we were talking earlier this week, they are at 10%. >> the first contraction since 2009. this was meant to be brazil's rival on the international stage. they come out and they have had a contraction. you look at the shiny brand-new stadiums. three and a half billion dollars. it is almost three times what was spent in south africa. there has been an out rising in this country. much was being spent on this event. on awill be so much sporting event. they are heading terms of the sporting event and the economy as well. >> thanks, john. >> now for a preview of what is coming up in the program. you are looking at ireland's exit from its bailout program. countryis the poster for austerity doing the right thing. michael lewis will
Bloomberg
Dec 6, 2013 3:00am EST
the spotlight on an emerging economy. i guess investors such a yourself, i know you cover emerging markets. what is your take on brazil overall or emerging markets? >> i think emerging markets in general are facing some head winds. really a reverse oovel what we have seen in the last many years or diamondback aid or so. in particular, the previous decade we were seeing falling global interest rates. we have a theme in commodity prices which which is in some way reversing over the medium term. thirdly, you had a significant boost to many emerging economists as a result of the labor markets which is becoming less parent as we move forward. when you add to the fact that some emerging markets have also built up external -- making their currencies vulnerable and leaving them also vulnerable to inflation and pressures and rising rates. the cocktail i think results in more concerns about merging economies and their markets relative to what we're seeing in the developed economies where a more sustained economic recovery and profit recovery, i think, is coming flument >> peter thank you so much for that
Al Jazeera America
Dec 9, 2013 6:00am EST
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
CNBC
Dec 9, 2013 1:00pm EST
with confidence. i like this, it's good for the economy, but it's not enough to say we're on the verge of a consumer breakout here. >> all right. but we're going in the right direction. >> exactly. >> watch mort again rates. something we're going to watch carefully. >> absolutely. thanks, steve. >>> the stock bond kumbaya comes amid the question what will a drop in fed stimulus mean for stocks. is the economy strong enough to support the market without fed help? jpmorgan's chief strategist tom lee weighed in on that on "squawk box." >> i think a few weeks ago investors would have been pretty concerned about the idea of taper because i don't think the data gave them economy was at a skate philosophy. friday's job report and some of the ones we've had recently investors are getting comfortable if it does happen in december. >> and mr. lee also said he is bullish on financials and large cap tech stocks. >> that brings us to seema moody. she is reporting on stocks that didn't fare so well in 2013. the big question here is, are they poised to take off in 2014 from dogs to stars? naming some
Al Jazeera America
Dec 6, 2013 6:00pm EST
that must mean that the economy is getting stronger and the federal reserve will stop putting $85 billion in the economy, interest can go up and investors tend to sell stock. there is good news, the stock market goes up. this morning at 8:30 a.m. i'm watching these unemployment numbers. they were better than i thought they were going to be and the only thing i was certain of was that the stock market is going down and it closes up 200 oh points. it's a good thing that i'm m not worth my money today.ause >> there you go, boy are you worth your money on a dale lay basis. what the quality of jobs. >> we wanted the numbers. we want them above 125,000. we've been getting 159,000 per month. for the last two months we've been averaging 200,000 job created. once you have the raw numbers you to say what kind of jobs are these? if you are getting jobs that pay $.7 an hour, then people will need two of them. those positions paid as much as $26 an hour. that's the good news. better quality. but about 20% of the jobs came in the relatively low-wage sectors like retail, leisure and hospitality. we're s
MSNBC
Dec 9, 2013 9:00am PST
in our economy. >> joining me today, "washington post" columnist jonathan capehart, former white house press secretary and founding partner off-almost said founding father -- founding father and partner of inside agency robert gibbs, congressional reporter for buzz feed and political reporter and white house correspondent at the "huffington post" sam stein. we talked a lot about the pizza versus the pizza box. after the gop autopsy, the republican conviction they didn't actually need to change the product they were selling, they just needed to change the marketing. it's unbelievable me, the whole 47% thing clearly has not made a dent. nowhere do you see that in a more pronounced fashion than republican talking points on unemployment. >> largely, if you ask most members of the gop, 47% to them wasn't a gaffe, it's a belief. i heard it in debates i had with people all of last year before the tape was uncovered. i do think, look, this is one of those things that the republicans will either learn this the easy way or the hard way. i remember watching these debates about unemployment insura
CNBC
Dec 3, 2013 3:00pm EST
the inception. this is 20% of the economy health care. it's not going to happen overnight. for me who's not a health care specialist, i look at three or four things that make it critically important. 3 to 4 million people uninsured, will be insured. the 100 plus people that get preventive care that don't have it and the 125 million plus people that have preconditions that will now have to not worry they won't get insurance. those are the things most important to me that is not someone worrying about the day to day website. not that it's not a problem. >> the day to day function of the website comes back to this question about affordability for health insurance longer term. to get younger healthier people involved, it's got to be easy for them to sign up not as difficult as it is right now. when we start to look at what the premiums will be for the next year and beyond i mean, all -- this becomes very, very poblgd. lgd jfrz >> to get health care lower costs, website has to be ioned out. we need to get the young and vibrant to want to go on the exchange. adds peo
CNBC
Dec 5, 2013 9:00am EST
with jim cramer and david faber. we'll get to that apple news in a minute. but the broader economy making some headlines here. gdp revised up to six. there's questions about stockpiling, as well. the ten-year did pick up the 287 off just a touch now. the ecb hold rates steady. our road map this morning, the market, strong gdp claims data putting pressures ahead and sparking more concerns about potential fed tapering. >> apple is in the news for reports ooh a deal to china mobile and carl icahn is revising his call for a share buyback. >> we'll look at the winners and losers in retail. >> wow. >> first up, though, the ten-year notarizing on better than expected economic data, revised third quarter gdp up 3.6 while weekly jobless claims fell below 300k. this all happened on the 17th anniversary of alan greenspan's irrational exuberance speech in 1996. >> how do we know when irrational exuberance has unduly escalated asset values which then become subject to unexpected and prolonged contractions as they have in japan over the past decade. >> that leads us to a good question, jim. last night,
FOX Business
Dec 4, 2013 9:20am EST
♪ >> unions take a hit. opec in disarray. wal-mart has a very good day and the economy slowing down or speeding up, which is it? good morning, everyone, there's a lot to deal with so here we go. detroit's unionized pensioners will see their benefits cut. watch out other american cities. frack, and floods the world with oil, and opec is split. what's a cartel to do? an on-line shopping binge rolls on. wal-mart had its best day ever. and stocks will open lower again? yeah, a big day. "varney & company" is about to begin. hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] th n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. i
FOX News
Dec 9, 2013 6:00am PST
in our economy and it really, while it seems good, it actually does a disservice to the people you're trying to help. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment optis and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. bill: fox news alert. it is 9:30 in new york. we're watching a story where a gunman barricaded himself inside of a hospital in arizona now surrendering. that man walked into phoenix baptist hospital, 2:00 in the morning pulled out a knife. police took the knife away, he pulled out a gun. locked himself in a room. surrendered a few hours later. luckily in phoenix no one hurt. heather: rand paul throwing cold water on president obama's suggestion of extending unemployment benefits. speaking on "fox news sunday" the republican s
LINKTV
Dec 7, 2013 6:00am PST
add $1 trillion to the global economy. >> it is so agreed. >> the agreement is a milestone for the w.t.o.t. marks the organization's first global trade deal since the creation in 1995. >> for the first time in our history, the w.t.o. has truly delivered. >> the deal will lower trade barriers and speed up the passage of goods through customs. most importantly, the term is applying not just to rich, industrialized states, it also for poorer developing countries. analysts estimate it could boost the global economy by hundreds of billions of dollars. >> we have achievement something very significant. people all around the world will benefit from the pack annal who have delivered here today. but some critics say the agreement could prevent poorer countries from setting their own priorities in areas like environmental protection, workers' right, and securities. negotiations dragged into an extra day after last-minute veto threats from individual countries. cuba objected to the removal of the trade embargo, and india objected to provisions that might stop its stockpiling grains. compromised
FOX News
Dec 6, 2013 2:00pm PST
this is the defining challenge of our time. making sure our economy works for every working american. that's why i ran for president. it was the center of last year's campaign. it drives everything i do in this office. >> so, how has the economy done since he's been in office? the top 1% incomes are up 31.4%. the bottom 99% grew only 4% between 2009 and 2012 it the top 1% earned 19.3 of all household income. in 2012, their largest share since 1977. we will have a raucous debate between bob and eric. i can feel it coming. >> and you now with that lead of yours. >> what is wrong with the top of that lead? >> that was a bunch of crap. because rich people got their tax breaks. until they finally got them put back in. when obama inherited the office, rich people were getting big tax breaks. >> you mean the tax breaks that b obama kept? >> yes. >> now they're not is what you're saying? >> yes, they took the tax breaks away. >> how do you explain the top 1% is outpassing by seven times what the lower 99 are making? >> here's exactly what obama -- >> believe it or not, president obama has actually widened the
Al Jazeera America
Dec 6, 2013 10:00am EST
weak global economy. >>> we're approaching the halfway mark on this news hour. still to come we'll speak to the man who spent years behind bars with nelson mandela. >>> and in sport we'll be live in brazil where the country's world cup preparations continue. [ technical difficulties ] >> sacrifice everything for what e considered to be the cause of the people -- of all of the oppressed people of the country. he had tremendous foresight not only for the people of south africa but for the world as well. he would put his personal concern at the back burner when he sees his first duty is for his former prisoners. he had problems -- i mean he had family, there were detentions, bannings and all of that. he never allowed that to interfere with what he considered to be his responsibility towards us. >> reporter: one characterist of many that matures on this island. they set out to break him here, but what happened was quite the reverse. one important stage in the making of a remarkable man. andrew simmons, al jazeera, robin island. >> let's hear from the a man who was a student leader
Al Jazeera America
Dec 7, 2013 6:00am EST
rate fell to a 5-year low and is at 7%. the economy gained more jobs than expected adding 2003 positions. they were low spread in high and low positions. mike viqueira has more from the white house. >> new unemployment figures are good from the white house. they've been waiting for this. whether or not 7% matters economicallily or to any people for millions out of work, and those who have given up looking for work, from a political standpoint it's good news for the obama generation. with unemployment insurance set to expire, the white house is stuck in an ironic situation. they are arguing for an extension. if growth is improved, it was announced thursday and friday down to 7% unemployment, the lowest in five years. the administration says that unemployment insurance has got to be extended. white house spokesman jay carney made the case on friday afternoon. >> the news we have today eenforces that we need to address the problem and extend unemployment insurance benefits to those individuals. this is a persistent problem. it would be terrible to do that to more than a million fa
MSNBC
Dec 9, 2013 3:00am PST
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
CNBC
Dec 2, 2013 9:00am EST
276. that's been a pretty significant change. >> a big move but at the same time economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check
CNBC
Dec 3, 2013 11:00pm EST
if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more? it's a first-class quandary that we have to dive into headlong on "mad money" if we're going to figure out the market's move. it's distracted and a parlor game and we find you the best stocks and the best opportunities. the only focus on the fed's next move the last three years, you missed some of the single best moments to invest in our lifetimes. i regard that as terrible. i regard it as shameful because this fed-centric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and it's the market as a marionette. my favorite credo is the opposite. the stocks represent companies and the companies march to many different drum e not just the fed drummer. some companies do better than higher interest rates and like the minerals and oils and most important, many companies do better because their managements are smart or incentive to create value. if you spend all of your time waiting for the fed to tell you
FOX Business
Dec 2, 2013 11:00am EST
? >> it may be overdone. the fundamentals in the economy justify the equity and well. it is hard to correlate with the sluggish growth we continue to see. outside of that the asset purchases by the fed and aggressive monetary policy we have seen serves the purpose of inflating risk premiums and essentially causing them to tighten places they wouldn't otherwise be. i don't think that is just an equity or fixed income issue. all sectors will be affected if that begins to unwind. connell: one of the big stories no doubt it's going to be one type of federal reserve will generate yellen oversee and willie federal reserve as to this risk or take away from it. what is your view? >> from a market perspective it is all about expectations, and the expectations are already in the price of fed is going to taper. we think the fed essentially already tapered this summer, so if you look back to announcements when the fed announced aggressive asset purchases, interest rates began to rise after that announcement. we would not be surprised to see riverreverse happen as the fed announces tapering of quantitativ
CNBC
Dec 3, 2013 4:00am EST
/2 year, 57.3 would suggest the u.s. economy is gradually regaining momentum. and on the currency markets, dollar/yen now up to 103.08, up to fresh six-month high on dollar/yen. euro/dollar, just below the 1 .36 mark we were at on thursday and sterling just back from that 1.64 of 11.6 1.6384. the aussie is the second worst performer after the g-10 in the currencies. australia's central bank says the country's currency is still uncomfortably high. those comments sending the yield down further. little urgency for more rate cuts. policymakers keeping them on hold. earlier cuts are still taking effect once inflation is tamed. joining us with his thoughts, may bank in singapore. andy, thanks for joining us. is the aussie/dollar going to get weaker? >> i think generally if you look at the markets, you look at the options site, it looks like we're probably going to see a bit of saturation on the short aussie. you're probably going to see a limit about the 90 levels. but our view is tapering in the first quarter, probably first quarter of next year, it may go down to about 88 cents against the do
Al Jazeera America
Dec 4, 2013 10:00am EST
about the economy. >>> a top hezbollah leader is killed. the lebanese group says he was assassinated. ♪ >>> the u.s. economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when h
MSNBC
Dec 6, 2013 5:00pm PST
, the latest jobs report is out showing a better than expected 203,000 jobs added to the economy in the month of november with the unemployment rate dropping to 7%. this is now the lowest unemployment rate we've seen since the financial crisis. it comes on the heels of revisions that show the economy growing last quarter at one of the fastest rates since the onset of the great recession. at this pace, 2013 will be the best year for job creation since 2005. congress, of course, still has it in its power to screw things up. but it also has the power to make things better. one of the most persistent bedevilling problems with job creation throughout this entire recovery has been that low-wage jobs have accounted for half of job creation in the past three years according to analysis through april of this year. and congress, if it wanted to, could do something about that today. it could vote to raise minimum wage. and president obama would sign it immediately. so we have reached into the alternate reality in which that happens and we present the latest installment of our series in which those lawma
Al Jazeera America
Dec 3, 2013 8:00pm EST
. is it because the sanctions were biting deeply into the economy or from a political perspective the ar art you are genuine in sg a new chapter. >> in iran we have political elections an an popular and popr elections. >> they chose a different path this time around. and that election provided a historic opportunity to us and to the west in order to atry tro address us. you. we are not talking about sanctions. when sanctions started iran had less than 200 centrifuges and the note product has been 1880 centrifuges that has been added to iran's stock of centrifuges so sanctions have utterly failed in that regard. it seems to me that the west is trying to take advantage of the historic opportunity. we have a new government and a different approach to foreign policy. our tenants of foreign policy have not changed we insist on our rice rite an rights and we t negotiate. this can be achieved best through construction gea negotiation. >> first of all, what has happened, nick, since this deal was made and are there signs of how this is going to work? >> yeah, john, i think their initial reaction is tent
Al Jazeera America
Dec 7, 2013 5:00am EST
. it could add up to $18 trillion to the global economy. >> in egypt - 21 women and girls imprisoned for protesting in october, including seven girls under 18. the red cross says 300 people have been killed in 48 hours after violence between militias and the central african republic. thousands of people are looking at refuge at the airport where french soldiers are on guard. >> some people are talking about a religious or sectarian war against christians and muslims. is that how the situation is developing? >> it's a political crisis, and unfortunately some people are using the intentions between the communities peacefully together. about 15 to 20% mousse limbs who are active in the any and now the author represented in politics and some don't like that. this is what is going on. there farmers who are mostly christians who attack muslims in that country because the seleka rebels in power. >> there have been warnings, as you know, about the possibility of what is being already described as a genocide. let's hope that doesn't happen. could it happen. >> i think the word might be - gepp
Al Jazeera America
Dec 7, 2013 10:00am EST
government ministers stayed an extra day to over come hitches. it will boost economy by 1 trillion-dollar boost jobs by 20 million jobs. >> it was and a dramatic four-day long meeting in bally. suddenly the impossible was discussible. >> for the first time in our history, it has really delivered. >> they have accepted a deal that will bring down some of the trade bear areas worldwide. it's a smaller package than was on the original deal in 2001 but it could bring in wider agreements to come. also it will be more transparent which will make it easier worldwide. and countries like india will be able to protect it's country for food subsidies. many in the united states it would affect world market prices. >> i view this as a victory for the farmers of india, for the farmers and the countries that india was able to put together with its partners which withstood all pressures and demonstrated solidarity and achieved this. >> not everyone is happy with the deal. farmers organizations and activists say that farmers in the developing countries will suffer from free trade. >> by including
PBS
Dec 4, 2013 6:30pm PST
's globally as a rapidly emerging economy priscilla has received about two hundred billion dollars in foreign direct investment in the past six years and is now the world's sixth largest economy. my advice also on my head. and they've seen the torrens title. when the great typically used in japan in two thousand the shinkansen super express trains will stop soon. no make it. thanks to him it was many sites due to the expensive stuff the reinforcements coming to break the mold. i love this system uses size moment trucks and coastlines to momentous autistic boy. it's the way to trim it was judged to be imminent the transformer substance comes out tomorrow. really old train safely and swiftly to it toss to them late in two thousand and four. we get to it we improve the effectiveness of the shinkansen is earthquake early warning system and reducehe car and we need to stop trying. when the great easter time earthquake struck for the train stops i did with no injuries to us return of july to see a stream to showing up late in the morning since two thousand and seven the result that even very large
PBS
Dec 7, 2013 9:00am PST
demand. i agree especially in asia and emerging economies of southeast asia. poaching in africa is increasing massively especially of elephants. it also grinders on the top and i'm often asked how long is approaching the top of this text and we have to assume that there will be practically no an offense that in twenty years thx. twenty five thousand elephants are killed by poachers in africa each year it will take even greater effort than are being made at the moment to make sure the fight against the bloody trade in ivory is not lost four thousand km further south we took a group of women with an eye it everyday you get to the actual cancer that once filled disparity to south africa. all the countries not just seeking to harness that matched up with a goal but said the eighteen eighties data mining has since moved elsewhere. but there's still many people desperate to make ends meet. the hidden gold mining is the only hope despite the risks attached these women crawl on all fours ever deeper into the mind. for three or even four hours at a time. it's honk and careless. but it's
ABC
Dec 6, 2013 6:00pm PST
an important snap shot of the jobs picture in this country. >> signs u.s. economy and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it's so much better than cable. it's got more hd channels, more dvr space. yeah, but i mean, how did you know? i researched. no, i-i told you. no. yeah! no. the importan and i got you this visor. you made a visor! yes! that i'll never wear. ohh. [ male announcer ] get u-verse tv for just $19 a month for two years with qualifying bundles. rethink possible. >>> employers added 200,000 people to payrolls driving the unemployment rate down to 7%. that is a five year low and a sign the economy is now beginning to ramp up after the great recession in a long, sluggish recovery. other signs, nearly a quarter of the november job growth came in manufacturing and construction. those are good paying jobs, too. and hourly pay sup. average wage earner making $24.15 per hour, working 34.5 hours per week. down side is that 4 million people have been out of work six months or longer and percentage of adults workin
CNBC
Dec 4, 2013 3:00pm EST
industry in this u.s. economy? >> well, no, i wouldn't say so because if you look at the housing market today, we just saw that story, i agree. i don't believe those new housing sales numbers. overall, the single family construction market is still completely in a slump. you can blame that completely on the fact that it's very hard to get credit out there in the housing market today. and that's really suppressing what should be a big boost to the overall u.s. economy. so, we're really suffering as a result of this. it isn't helping. >> guys, thank you. >> this is only going to make it worse. >> appreciate your thoughts. have a good convention. >> thank you. >> thanks, guys. we now have a little more than half an hour to go before the close. we're keeping a close eye on markets as we head into the close. >> we're coming bang here. >> about 34 points. more than 1030 points at the low. >> we'll see if we can come back in the last half hour. why did merrill lynch fail back in the crisis, you ask? former president of merrill lynch international is out with a new book with never before reveal
CNN
Dec 9, 2013 9:00am PST
about klein because we know a lot of drops in sales have happened in china even though the economy there grew 8% in the third quarter. how does this impact the u.s. economy, as well? >> that's right. these are some of the most important companies to the u.s. economy. and already some are reporting their competitors in europe are stealing their business simply because these companies are able to say that they can offer better privacy protections and they don't have to help the sa snoop. microsoft's general counsel wrote in a blog post that customers won't use technology they don't trust. he says the government puts that trust at risk and the government has to help restore it, suzanne. >> evan, thank you so much. a lot of people are just thinking you can't -- there's no guarantee of privacy wherever you are. >> as i said, hardly the nsa but a lot of those companies have been accused of collecting plenty of data about us, as well. >> information. >> it's not the same thing about you. >> not altruistic. >> not at all. an american singer, check this out, not arab, nearly took the top pr
CNBC
Dec 4, 2013 9:00am EST
takeaway now from the data that we're getting? >> i think the economy was strong in the third quarter and some of the weakness that we're going to get in the overall gdp number in the fourth quarter i think is exaggerated by inventory turn around. jobs are doing okay, we came back from a little swoon we had in july/august and it looks like businesses in the private sector were able to find their way through or even see through the government shutdown and hired and seem to be doing okay with the big exception to the data capital investment, simon. >> i know that's a big thing for next year. tom, the dow and s&p have each recorded eight consecutive weeks of gains. is it any wonder that we're correcting? >> i think what the market has to grapple can is what's your next catalyst to move higher? we have a modestly better economic profile built in for 2014 but it's still a better profile. while it may seem like a rather small advance from this year, the the bottom line is the incremental growth could be seen as a catalyst into the equity market in 2014. >> what do you think, rob, will work
CSPAN
Dec 2, 2013 10:00am EST
that have the largest challenges this attaching to our economy. so we don't have a date for that yet, but we're going to set it. we're working on it. and so we'll send invitations out to all of you again since you've been with us today, so look for that in the next couple of weeks. thank you again for joining us today. have a happy thanksgiving, and shop small business on saturday. [laughter] [applause] [inaudible conversations] >> today the leader of french opposition party talks about france and the rest of the international community. he'll discuss a range of issues including the eurozone crisis and his country's refusal to sign off on the recent iranian nuclear deal. we'll have live remarks beginning at 6:30 p.m. eastern here on c-span2. >> i didn't get the idea for the for dummies series. i had an idea to do a beginning book about computers, about dos b specifically, and i kind of inspired myself to do that just dealing with people in magazine editing job i had and being on the radio at that time and being out in the public and talking to people about computers. it was obvious that peop
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